The $199 to $499 Realtors Flat Fee
MLS Listing service offered at this site includes your home being listed by a licensed
real estate agent in the MLS which is used by all the other Realtors in your area. This
Multiple Listing Service, or MLS as it is commonly called, is the way that a Realtor
cooperates with other Realtors in your area to make them aware that a specific property is
for sale and that they are being offered a specific commission to sell it to their buyer
clients. This is the SAME MLS which any other Realtor charging you up to 6 or 7% for a MLS
listing would list your home in. The difference is that you pay a FLAT FEE of $199
to $499 to be listed in the MLS instead of a listing commission which in most cases is
HALF the total commission Realtors charge (by way of example if the total commission is 6%
the listing broker usually keeps 3% and then offers 3% to the broker who finds the buyer).
That is a lot of money considering that the listing broker only sells the home themselves
about 5% of the time. The MLS itself is essentially a private database accessed by a
computer network which ONLY the member Realtors have access to, the public can NEVER see
the actual MLS listings. However, many but not all of the MLS Organizations have
Public Web Sites where the public can view portions of the information contained in those
MLS listings. Only the member realtors can view ALL the information in the mls listings,
the public only gets to view the limited information which the particular MLS decides to
display to them. For example, some MLS listing organizations do NOT display the
street address of the mls listings at the public web sites. None of the Public MLS
Listing Sites allow the owners name or contact information to be displayed to the public
since they do NOT want buyers calling owners, they want buyers calling their member
Realtors (that is why they set up the public sites to start with is to get the buyers to
call a realtor).